Under the specific identification inventory must be assigned? Question 31 Not yet answered Marked out of 1.00 Flag question Select one: a. a valuation number b. a purchase date c. a control number O d. a serial number or identification tag Question 32 Not yet answered Fair value accounting changes values on the balance sheet according to what? Marked out of 1.00 Select one: a. changes in the interest rates P Flag question O b. changes in the financial position of the company C. changes to the company's accounting methods O d. changes in market condition Question 33 An overstatement of ending inventory, ultimately, results in an: Not yet answered Marked out of 1.00 Select one: a. overstatement of income Flag question b. understatement of sales c. overstatement of cash O d. understatement of income Question 34 Not yet answered Which of the following is a reason a shareholder may buy more shares in a company? Marked out of 1.00 Select one: O a. The shareholder believes the company is a good investment. Flag question b. To prevent the shareholder's percentage of ownership in the company from being diluted. c. All of these answers. d. The shareholder wishes to maintain his ownership position in the company. How is the investment recognized initially under the Equity Method? Question 35 Not yet answered Marked out of 1.00 Select one: O a. at cost Flag question b.at adjusted market value c. at the book value d. at historical cost Question 36 A written, unconditional promise to pay a determined sum of money to someone is known as: Not yet answered Select one: Marked out of 1.00 a. a promissory note or note payable P Flag question O b. an loan note O c. a loan document d. a loan payable